Auto Trading with Binary Option Robot
Some traders want to do away with the hard work of market analysis to place a trade. Hence they look for an auto trading software or binary robot to trade for them. It is possible to trade on auto-pilot, but it involves considerable risks of losing your capital. The only way to benefit from these Binary Option Robot is to understand them and practice them in a DEMO TRADING ACCOUNT. Binary Option Robot provided by www.binaryoptionautotrading.com offers you a great feature to practice their Trading Robot in a demo mode without risking real money while learning it.
BinaryOptionAutoTrading.com robot automatically places trades for you in your broker account based on well known technical analysis tools like TREND, MACD, RSI, CCI, STOCH, and WILLIAMS. You can select all or any tools to follow while choosing a money management method from CLASSIC, MARTINGALE, and FIBONACCI.
However, Binary Option Robot team advises selecting one currency pair with a starting balance of $450 using a Martingale system method with ALL indicators selected (except TREND ) with 5 minutes or 15 minutes expiry time.
This robot works with several currency pairs EUR/USD, USD/JPY, GBP/USD, EUR/JPY, USD/CHF, AUS/USD, USD/CAD and EUR/GBP, etc. The robot interface has more than ten regulated brokers to select and trade
. You can choose to open an account with one or more brokers and manage them from Binary-Option-Robot interface.
How to start trading on Binary Options Robot provided by
- Open an Account with Binary Options Auto Trading Robot
- Sign up with a Broker to trade with via Binary Option Robot interface.
- Before starting Auto Trading, manage the settings for the best result.
- You can set the trade amount, Daily stop loss and Maximum daily trades.
- Select the Risk level, a Signal Provider and the time frame.
- Important: Avoid trading 30 minutes before and after any high impact news. Check for high impact news at www.investing.com
- Practice Auto Trading in a Demo trading environment before putting in real money.
Although it looks like the right decision for a trader to use an Auto trader so that he can relax while making a profit from the market. The trader must be aware of BOGUS auto trading software and robots.
Binary Option Robot gives good result while trading is as per the recommendations of the developer. You may apply additional caution of not trading in a volatile market, for doing this just click AUTO TRADING OFF button. Get familiarized with all aspects by trading in demo trading account before trading real money.
NOTE: This article/material is not investment advice.